Press Release (ePRNews.com) - INDORE, India - Oct 20, 2016 - The ET reported, the job growth in September is little bit sluggish, when compared to August. According to a Naukri release, the jobs growth has been comparatively small in the last three months. The Naukri Job Index for September 2016 stood at 1,888, recording a growth of 5 percent in hiring activity over the same period last year.
After an impressive 22 percent and 10 percent year on year growth in July and August respectively, the Sept index seems to have slowed down a bit with a 5 percent growth. But a sustained positive momentum marked in IT/ ITES and banking sectors, is a good news. However it is anticipated that the job growth index to move further north in the next few months, with the approach of festive season like Diwali, Christmas, New Year.
The Information technology sector that includes software services grew at a moderate 6 percent, ITES/ BPO industry registered an impressive 20 percent growth in September. On the contrary, the IT – hardware sector witnessed job declining by 20 percent in September 2016 when compared to September 2015, as per naukari.com
However, as per stock market point of view, it is predictable that market may witness a good growth in the festive season ahead to create good employment growth.
The India SENSEX Stock Market Index is anticipated to trade above 27,600 points by the end of this quarter, as per the expectations of Economic global macro models and analysts.
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